Our mortgage mess has rapidly become a Foreclosure Fiasco. An expert discusses why this is happening, and shares some steps you can take to avoid this scenario. Then in light of the tragedy in Myanmar, and the impact it may have on food supplies, well take a look at the world hunger situation, as well as whats happening here in the US. Plus - an analysis of the current state of the exciting (and somewhat excruciating) race for the Democratic Presidential Nomination.

Episode Segments:

The Race for the Democratic NominationAfter the latest round of primaries, Obama remains in the lead, but Clinton refuses to throw in the towel. How long can this go on? According to our guest Jay Cost from RealClearPolitics.com, we shouldnt anoint Obama the nominee just yet, because there are plenty of reasons for Hillary to stay in the race. Plus how can Obama reach the voters he isnt reaching - women & the Blue Collar workers?

Embed Code

The Foreclosure MessDave welcomes Jack Guttentag, Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania. The professor discusses the state of the housing industry, and how things got into the state they are now.

Embed Code

Keeping Your HomeJack Guttentag discusses steps you can take to avoid foreclosure, how to talk with your lender, and other alternatives to foreclosure.

Embed Code

Global HungerJohn Hoddinott is Senior Research Fellow of Food Consumption and Nutrition at the International Food Policy Research Institute. Mr. Hoddinott discusses the state of hunger in around the globe, the problems with providing food subsidies, and the factors that are changing the food supply, driving up prices, and increasing hunger rates.

Embed Code

Domestic HungerEllen Vollinger is the Legal Director of the Food Research and Action Center, a nonprofit organization working to eradicate hunger and undernutrition in the United States. Ms. Vollinger talks about undernutrition and food insecurity a daily problem for 35 million Americans, and what is being done to combat it.

Embed Code

Relief for the HungryEllen Vollinger warns that the era of cheap food is over, and there wont be relief for some time. She offers information on how to get food stamps, as well as other resources for aid.

Embed Code

Guest(s) Appearing on this Episode

Jay CostJay Cost is a graduate student of political science at the University of Chicago, currently penning a dissertation on American political parties. He writes the HorseRaceBlog for RealClearPolitics.com

Jack GuttentagJack M. Guttentag is Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania, and founder of GHR Systems, Inc., a mortgage technology company. Earlier he was Chief of the Domestic Research Division of the Federal Reserve Bank of New York, on the senior staff of the National Bureau of Economic Research, and managing editor of both the Journal of Finance and the Housing Finance Review. Professor Guttentag has been a student of the home loan market for many years, and his bibliography of scholarly articles, books and monographs is large and diverse. He has also been an active practitioner, serving as a consultant to many government agencies and private financial institutions, including the Department of Housing and Urban Development, USAID, Freddie Mac, Citicorp, Dominion Bancshares, the World Bank, J.P. Morgan Securities, the New Zealand Bankers Association, and many others. Professor Guttentag's The Pocket Mortgage Guide was published in 2003, The Mortgage Encyclopedia in 2004, both by McGraw Hill.

John HoddinottJohn Hoddinott is Senior Research Fellow of Food Consumption and Nutrition at the International Food Policy Research Institute. His overall research focus is on the design and impact of policies and programs to reduce poverty and malnutrition. His research interests lie principally in the microeconometric analysis of the determinants of health and the long-term consequences of early childhood malnutrition and poverty. He also has interests in the causes of poverty and vulnerability, the determinants of human capital formation, intrahousehold resource allocation, the operation of labor markets and the design of anti-poverty interventions. Before joining IFPRI he held university appointments in Canada and the United Kingdom, including a University Lectureship in Economics and Fellowship at Lady Margaret Hall, University of Oxford. A Canadian citizen, Hoddinott holds a B.A. in economics from the University of Toronto, an M.A. from York University and a D.Phil. in Economics from the University of Oxford.